Claims Specialist Salary at Sfm Mutual Insurance Co BETA

How much does a Sfm Mutual Insurance Co Claims Specialist make?

As of April 2025, the average annual salary for a Claims Specialist at Sfm Mutual Insurance Co is $101,044, which translates to approximately $49 per hour. Salaries for Claims Specialist at Sfm Mutual Insurance Co typically range from $92,459 to $109,331, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

SFM Mutual Insurance Co Overview

Website:
sfmic.com
Size:
200 - 500 Employees
Revenue:
$200M - $500M
Industry:
Insurance

Founded in 1983, SFM Companies, headquartered in Bloomington, Minnesota, is a customer-owned mutual insurance company providing Minnesota, Wisconsin, Iowa, Nebraska and South Dakota employers with workers' compensation coverage. SFM offers workers' compensation insurance solutions for employers of all sizes, including injury prevention, claims and disability management, cost containment, legal assistance and third-party administration.

See similar companies related to Sfm Mutual Insurance Co

What Skills Does a person Need at Sfm Mutual Insurance Co?

At Sfm Mutual Insurance Co, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  2. HRIS: HRIS is a management system designed specifically to provide managers with information to make HR decisions. Is a system that lets you keep track of all your employees and information about them.
  3. Benefits Programs: Benefits programs vary greatly, but typically they include medical insurance, life and disability insurance, retirement income plan benefits, paid-time-off benefits, and educational assistance programs.
  4. COBRA: The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan .
  5. Benefit administration: Benefits administration is the process of assembling and managing the benefits an organization provides to employees.

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Check more jobs information at Sfm Mutual Insurance Co

Job Title Average Sfm Mutual Insurance Co Salary Hourly Rate
2 Clinical Review Nurse $128,983 $62
3 Compliance Analyst $103,805 $50
4 Front Desk Receptionist $33,577 $16
5 Human Resource Business Partner $69,087 $33
6 Human Resources Consultant $117,182 $56
7 Junior Accountant $67,318 $32
8 Learning & Development Specialist $100,232 $48
9 Medical Claim Representative $43,314 $21
10 Medical Claims Adjuster $76,646 $37
11 Premium Auditor $70,232 $34
12 President $913,346 $439
13 President & Chief Executive Officer $913,346 $439

Hourly Pay at Sfm Mutual Insurance Co

The average hourly pay at Sfm Mutual Insurance Co for a Claims Specialist is $49 per hour. The location, department, and job description all have an impact on the typical compensation for Sfm Mutual Insurance Co positions. The pay range and total remuneration for the job title are shown in the table below. Sfm Mutual Insurance Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $101,044 look to you?

FAQ about Salary and Jobs at Sfm Mutual Insurance Co

1. How much does Sfm Mutual Insurance Co pay per hour?
The average hourly pay is $49. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Sfm Mutual Insurance Co?
According to the data, the highest approximate salary is about $109,331 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Sfm Mutual Insurance Co?
According to the data, the lowest estimated salary is about $92,459 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.